Mitsubishi reports 18% growth

Mitsubishi Motors Corporation (MMC) has revealed volumes were up by 18% to 1,218,897 units in 2018.

It reported double-digit percentage increases in both domestic and overseas markets. Export markets also showed strong growth, with the United States up 14% to 118,075 units and western Europe rising 19% to 178,414.

As a region, it was the ASEAN business which saw the greatest rise with 322,284 sales, up 35% versus 2017. Indonesia was the main driver of this growth, with 146,805 sales – a massive 84% increase. Mitsubishi Motors opened a new assembly plant in Indonesia during 2017 to build the new model. This success builds on the strong growth in 2017 too, meaning sales in Indonesia have risen by 118% in the past two years.

Trevor Mann, chief operating officer, Mitsubishi Motors, said, ‘Our strong performances in 2018 are proof that our Drive For Growth plan to lead Mitsubishi to a sustainable recovery is working. We continue to be exceptionally strong in ASEAN region, and are also seeing pleasing growth in other key markets as new products reach customers and our SUV and EV offerings become increasingly relevant and attractive.’